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Amendments to the Appropriation Bill Increases Government Expenditure for 2022
(Verité Research, 2022-08-04)
The Amendment to the Appropriation Bill for 2022 was presented to Parliament ahead of the interim budget speech. The amended bill shows a 20% increase in expenditure to LKR 4,672 billion for the year 2022 which could widen ...
Sri Lanka's Government Revenue in 2021 Covered Only 41% of Expenditure
(Verité Research, 2022-09-07)
Government revenue in 2021 was only 41% of its expenditure, which was inadequate to cover even its recurrent expenditure. It falls short of the two largest recurrent expenditure components cumulatively - salaries & wages, ...